Finance

2016 - 2017 Budget Information ____________ 2016 AD Valorem TAX RATE ________________ Summary of Proposed Budget

Summary of Proposed Budget (Education Code, §44.0041, as amended during the 79th Legislature, Third Called Session) - Requires a school district to post on the district’s website a summary of the proposed budget if it maintains a website; summary must be concurrently posted with notice of the budget. Notice of Public Meeting to Discuss Budget and Proposed Tax Rate

Post Adopted Budget

Adopted Budget (Education Code, §39.084, as amended by HB 3 (81st Legislature)) - Requires a school district to prominently display on the district’s website for three years an external link of the budget adopted by the board of trustees.

Costs and Metered Amounts fro Electricity, Water, and Natural Gas for District

Electricity, Water, and Natural Gas Costs (Government Code, 2264.001(b), as amended by HB 3693 (80th Legislature)) - Requires the posting of the metered amounts of electricity, water, and gas consumption for which the district is required to pay and the aggregate amounts of those services.

Current/Proposed Maintenance and Operations Tax Rate

Maintenance and Operations Tax Rate (Tax Code, §26.05(b)) - Requires a school district to post on its website a statement that indicates that it adopted a tax rate that will raise more taxes for maintenance and operations than last year’s tax rate. Bynum ISD adopted a tax rate that will raise more taxes for maintenance and operations than last year's tax rate. The tax rate will effectively be raised by 12.5422 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $-44.30.

Tax Rate Trend information

Tax Rate Trend Information (Tax Code §26.16) - School districts are to provide tax rate information to the County Tax Assessor Collector for the most recent five tax years beginning with the 2012 tax year.

Federal Grant Awards

Federal Grant Awards - (Federal Funding Accountability and Transparency Act) - School districtsand open-enrollment charter schools that receive federal grant awards totaling more te $25,000 and contract awards totaling more than $5500,000, respectively, directly from the federal governement on or after October 1, 2010, must report certain information, including a description of the award and, in some instances, must also report the total compensation and names of the top five school officials. The new reporting requierment does nto apply to federal awards that passed through TEA (because TEA is covering this reporting effort for federal funds that pass through TEA).

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